Stevenson Eyes Third Party To Reform US Politics
U S Sen Adlai Stevenson says the nation needs a center oriented third party not led by him. He criticizes both major parties as beholden to labor and business and suggests a reform-minded movement could emerge similar to how the Republicans began. He notes no clear leader and cites his father as a cautionary example. The idea surfaces after a Springfield speech in November.
MENTIONED IN THIS ARTICLE
Chicago
U.S
Adlai Stevenson
D-Ill
Washington
Stevenson
Adlai Stevenson Sr
Republican Party
Democratic Party
Thomas Jefferson
Springfield
Ill
Ex-legislator ordered jailed for refusing to testify
CHICAGO AP A former Republican state legislator John F. Wall has been held in contempt and ordered to jail for refusing to testify before a federal grand jury examining legislative lobbying by the Illinois currency exchange industry. Wall, 64, resigned from the legislature in April after a seven year sentence and a $5,000 fine for conspiring to extort money to help pass favorable employment agency legislation.
MENTIONED IN THIS ARTICLE
Chicago
John F. Wall
James B. Parsons
U.S. District Court
Wall
Illinois
Illinois approves $1500 homestead exemption measure
Governor James R. Thompson certified legislation Thursday to grant a maximum $1500 homestead exemption for Illinois property taxpayers. Senate Bill 1790, amended veto changes, was approved by the General Assembly and takes effect immediately for private dwellings where the owner resides, starting with the 1978 assessment. Sponsors include Senate President Thomas C. Hynes, Senator Arthur L. Berman, and Representative Michael I. Brady, all of Chicago.
MENTIONED IN THIS ARTICLE
Springfield
James R. Thompson
Illinois
General Assembly
Senate
Thomas C. Hynes
Chicago
Arthur L. Berman
Michael I. Brady
Inflation No Free Lunch In Suburban House Sale Loss
A New York AP summary notes a suburban seller who bought a house for 35000 in 1970 and sold for 60000 eight years later, but after improvements, taxes, and fees his net was about 49630. Inflation erodes buying power, making the gain illusory, with gold as a cautionary example. The piece argues holding value through inflation is unreliable and suggests the moral: there is no free lunch in inflationary markets.
MENTIONED IN THIS ARTICLE
New York
Ice storm knocks out power in Quad Cities area
In Rock Island Illinois the weekend ice storm disrupted power across dozens of areas in Illinois and Iowa. Iowa Illinois Gas and Electric crews worked around the clock to restore heat and lights while emergency shelters opened in Moline East Moline Rock Island and Davenport but few families used them. Officials said hundreds remained without power and hoped to restore service by tonight.
MENTIONED IN THIS ARTICLE
Rock Island
Ill
Quad Cities
Sam Wilson
Iowa-Illinois Gas ND Electric Co
Illinois
Iowa
Also Mentioned on This Page
Minnesota
John Ganley
W. Main ST
Cancun
Venport
Wilson
Sparks’ Drive-in
Far Tey
Liberty
Morris
Bill
Ken
John B
Dergo
Scott Y
Scott B
John E
Steve
1821
N. Division
St., Morris
Joliet’s
America
W. Jefferson
Joliet Twin Goars
Ays
Spurgeon's
Paris
Liberty Street
Downtown
Orion
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